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Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
 The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bharat Earth Movers, which has set up an operation in Balikpapan, East Kalimantan.
Bharat’s total investment, including a basic assembly plant and after-sales service network, is expected to reach an estimated $44 million.
“Based on our study, Indonesia presents big opportunities for heavy equipment,” Bharat’s chairman and managing director, V RS Natarajan, said at a launch ceremony in Jakarta on Monday. “We believe that the total market is worth between $500 and $600 million.”
Until Bharat’s arrival, there had only been two heavy equipment suppliers in Indonesia — US-based Caterpillar and Japan-based Komatsu.
Natarajan said that Bharat would be seeking a 10 percent market share worth an estimated $50 million in its first year of operations.
“Currently, we have contracts with two Indonesian companies — Bumi Resources and another Bakrie group company,” he said. “The contracts are worth $44 million and cover three products: hydraulic excavators, bulldozers and wheel dozers.”
Over the next two years, Bharat is targeting $300 million in heavy equipment sales. “And if we achieve that target, we will open a full assembly plant in Indonesia,” Natarajan said.
Bharat is an Indian state-owned company run by that country’s Ministry of Defense.
It produces 35 types of heavy equipment for the mining and construction sectors, defense equipment and metro and railway equipment. To establish its edge among the competition, Natrajan said that Bharat would offer customers lower prices, faster arrival times and warranties of up to 17 years.
“India and Indonesia are quite near each other, compared to Japan or the United States. So we’re able to promise the customer faster arrival times,” he said.
This is the fourth branch outside of India that has been established by Bharat, with the others being in Malaysia, China and Brazil.
“We chose Indonesia as this country has a strong mining sector, but lacks heavy equipment,” Natrajan said.
The arrival of Bharat comes at a difficult time for the heavy equipment industry, as the economic slump continues to eat into mining output.
“Many of the existing companies have had to postpone expanding capacity due to the global crisis, which has forced mine operators to delay their purchases of heavy equipment,” Pratojo Dewo, the chairman of the Heavy Equipment Industry Association (Hinabi), said on Sunday, as quoted by Kontan business daily.
Source: The Jakarta Globe
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Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
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- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
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